What is Nostr?
AbstractEquilibrium / Abstract Equilibrium
npub17fn…5ksh
2025-04-24 19:44:11

AbstractEquilibrium on Nostr: Every bitcoin transaction can be thought of as *destroying* its inputs and *creating* ...

Every bitcoin transaction can be thought of as *destroying* its inputs and *creating* new outputs that total a lesser amount.

(notice "sats" as a unit weren't necessary to mention)

No, there is no such thing as "a bitcoin" or "a satoshi", in the software, in memory on your computer, or in the protocol. This is actually crucial, and not just semantics. If each satoshi were an actual thing, then they could be traced from inputs to outputs. All that exists is an accounting mechanism of (output measured value - input measured value).
Author Public Key
npub17fnzd22p3xu5tg8sz343d38c5m8dxxe4npyyx0akxphc6mhvxessuw5ksh